Although in some cases, quoting of PAN for certain type of transaction is must, for most of the transactions quoting
Knowledge Base
After the demonetization, Government has earned an important lesson. Keeping the rhetoric aside, it's enlightened to the wisdom of colours in money. Notes of two-thousand turned pink, five hundred went green but none could become
Normally, an assessee pays tax based on computation of his expected tax liability. And very often his tax liability is
With 1st July nearing, everyone is preparing for new pan India Indirect tax – Goods and Service Tax (GST). Suddenly,
This Week has been full of news related to GST. Though believed to be a tough task, it is anticipated
With Aadhaar being mandatory for filing ITR, there are several consequences for not linking the same. Below is in detail consequences. Most immediate impact will be on filing of ITR. As earlier notified by Government,
With deadline for applicability of Goods and Service Tax (GST) coming near, there's still confusion as to number of return
Straight Line Method (SLM) and Written Down Value (WDV) methods are the most used methods for calculating depreciation. Although Companies
Section 194D deals with Tax Deduction on payment of insurance commission. This section casts responsibility on any person responsible for
Provisions related to Tax Deduction at Source (TDS) that are applicable on payments to contractors and sub-contractors are in Section